Update on Kemp Mill Urban Park Renovation

Kemp Mill Urban Park, located at the entrance to Kemp Mill Shopping Center at 1200 Arcola Avenue, is about to undergo major planned renovations.
A focal point of this 2.7-acre park is the water fountain in the center of the pond. Other features include a play area, a gazebo, a basketball court, and an area to play ping pong.
The reconstruction of Kemp Mill Urban Park will begin the week of February 15th with the installation of a tree protection fence and a construction fence to close the park off. The reconstruction is planned for 13 months.

For planning background on this project and its relation to the neighborhood, see Park Planning DocumentsKM Urban Park
KM Park 2

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Market Slows: Sales Volume Down, Prices Down and Days on the Market Up

A Quick Snapshot of Montgomery County Market: Sales Volume in October 2015 was down 4.77% relative to October 2014 (880 units versus 924 units). Average price was also down 4.16%. The slowing of the current market was also reflected in that Days on the Market (DOM) was higher in 2015 than in year before, 64 DOM versus 56 DOM in 2014. This shows that the pace of sales is taking longer in this year’s market. Despite this recent downturn in October, over the summer things were moving. In fact, if we look at the preceding 90 day period (JUL 25-OCT 20) for each year, then Sales Volume was actually up 10.89% while Average Sales Prices were essentially unchanged at -0.25%. A new Monthly Report is issued around the 12th Day of each month so, December should be forthcoming soon. For a full report check out https://legacy.ciment.com/monthly-market-snapshot.

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Team Update March 18, 2014

This has been a productive week for the Barbara Ciment Team

Helping Sellers, Buyers and Renters:

1. My Listing just went Under Contract 11317 Crescendo Place Silver Spring 20901

2. My Listing is going to closing Thursday 10414 Huntley Ave, Silver Spring 20902

3. Represented Buyer in closed sale 10730 Horde St Silver Spring 20902

4. Listed Beautiful Condo in Leisure World Vantage Point East #108

5. Represented Buyer going to closing Friday 8552 Pineway Ct, Laurel MD 20723

6. Settled My Listing 1111 University Blvd W #1015

7. Helped a Renter 11019 Oakwood St 20901

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Despite a colder winter, Montgomery County sales volume was up 6.9% and Days on the Market was down in Jan ’14 versus Jan ’13. Prices were also up 6%. For more details see my Monthly Market Snapshot Report or, you can wait until April for the Washington Post Report.

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Market Rising Steadily

The monthly Case-Schiller residential sales report that spans 20 major metropolitan areas showed that home prices had risen at the fastest pace in over 7 years at 12.4%. Their data reports on May-July 2013. For a good summary and a worthwhile article see, Wall Street Journal

My web site provides even more current analysis of August 2013 just for Montgomery County, see My Monthly Market Snapshot ReportIt shows that in that month alone prices increased by 9.9%.

Even more current, I am now working on my October Newsletter and looking at early returns of Montgomery County for the Third Quarter ’13 (July-September 2013). With 5 more days to go in September, volume is already up 9% and prices are up over last year’s 3rd Quarter by 8.7%. The market may be cooling from May-July pace but, it is rising steadily now.

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Automated Alerts on Ciment.com

We are in the process of automating listing alerts so that any Registered User of ciment.com can Save a Search and associate an Alert for that Saved Search. We apologize for some transition traffic that may have sent you extra alerts for listings that were actually unchanged. This happened because it was hard to transfer log-ins along with their history.

From this point on you should only see alerts when Updated listings are either New or had a Price or Status Change in accordance with your personal saved search parameters.

Alert Feature Added

  • The Most Informative Alerts in Real Estate
  • Drill down to Subdivisions or Expand to City

Register on our our web site and save a search you like and then just click on Alert and you will be updated on changes.

You will receive an alert when listings in your search area are New or had a Price or Status Change from last alert!

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Silver Spring Market Improving for Sellers

A new Long & Foster Report confirms that the Silver Spring Market (Zip 20901,02,03,04,05,06,10) is improving for sellers. Data for May 2013 show that Units Sold at 279 is Up 6%. The # Active Listings at 509 is Down -34%, while Median Price at $360K is Up 7%. Another positive indicator for Sellers is that Days On Market at 39 is Down from 53 days (-26%). The Months of Supply is now 1.8 and is Down from 2.9 to months of supply (-38%).

All these are factors showing the strengthening of the seller market. See full Silver Spring report:  Silver Spring Market Minute Report,

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How We Represent Buyers and Sellers in Changing Markets.

I just want to take a minute to report to you how proud we are of our Best MD Buyer Agent, Emily Lurie. Yesterday, Emily wrote a contract on a Silver Spring Property that had a total of 8 Contracts. Although Emily’s buyer had not offered the highest price, nonetheless, Emily’s contract won out over the others. The feedback was that Emily’s contract was clean and professional. That is what makes the Ciment Team so special. Our two agents Barbara and Emily are smart professionals who know how to represent their buyers and sellers in changing markets.

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Top 1% Realty Alliance Award Presented to Barbara Ciment

Paul Foster presented Barbara Ciment with a Realty Alliance Sales Award in recognition of her achievements in 2012, ranking her in the Top 1% of all residential sales professionals in North America. The Ciment Team was also recognized as Top Office Producer. In 2012, the Team settled $27 Million in Sales: 100 Closed Sale/Rental Transaction Sides!

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Team News: Eventful and Productive Week

This was a very eventful week with 5 Team closings , adding up to a Team total of 10 settled properties in 2013!
Along with 10 active listings and 6 other properties under contract, requiring constant attention, and another listing (#7) going under contract, we were very busy this week. The market is really heating up.
With all this going it was somewhat amusing to run into an agent that did a deal with me a few years ago. She asked me how the market was doing. I told her I was very busy and she proceeded to chime-in that she was exhausted from all her business. I was frankly happy to hear that other agents are busy but, was quite surprised as I had not seen any of her “deals’ advertised anywhere. Well, today it only takes a minute, with the right tools, to check out whether an agent is really doing business in the MLS. So, I sent my “research assistant” into the MRIS data to see what this agent had been up to so far in 2013. It turns out she had two low-priced active condo listings and had nothing under contract and had not closed even ONE rental or sale in 2013! I assume that many agents like to “puff” about their sales activity but, at least in real estate you can check them out.
Call me for any real estate info or services you need, we are heavily engaged in the market, producing results and ready and eager to work for your home sale or purchase.

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Barbara Ciment, Realtor